Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsSupply2 Marks
Question
How the contraction in supply and decrease in supply can be explained with the help of supply curve ?
✓
Answer
The producer supply curve moves from one point to another point on cause of contraction of supply. It means that contraction in supply can be explained by the movement of downward shifting of the point on the same supply curve.
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